TKO Group (NYSE:TKO) Given “Buy” Rating at Roth Mkm

Roth Mkm reissued their buy rating on shares of TKO Group (NYSE:TKOFree Report) in a report published on Friday, Benzinga reports. Roth Mkm currently has a $112.00 target price on the stock.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley assumed coverage on shares of TKO Group in a report on Wednesday, February 14th. They issued an equal weight rating and a $95.00 price target for the company. The Goldman Sachs Group started coverage on shares of TKO Group in a research report on Thursday, March 7th. They set a buy rating and a $102.00 price target for the company. Bank of America began coverage on shares of TKO Group in a research report on Friday, March 15th. They issued a buy rating and a $100.00 price objective on the stock. Northcoast Research assumed coverage on shares of TKO Group in a research report on Tuesday, February 6th. They set a buy rating and a $105.00 target price for the company. Finally, Moffett Nathanson assumed coverage on shares of TKO Group in a research note on Monday, January 29th. They issued a neutral rating and a $95.00 target price for the company. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, TKO Group presently has a consensus rating of Moderate Buy and an average price target of $108.31.

Read Our Latest Stock Analysis on TKO

TKO Group Stock Up 0.4 %

Shares of TKO opened at $98.04 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.33. TKO Group has a 52-week low of $72.33 and a 52-week high of $106.16. The company has a market cap of $16.86 billion, a PE ratio of 144.18 and a beta of 1.06. The business has a fifty day moving average of $86.32 and a 200 day moving average of $82.19.

TKO Group (NYSE:TKOGet Free Report) last released its earnings results on Tuesday, February 27th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.59). TKO Group had a net margin of 3.02% and a return on equity of 3.11%. The business had revenue of $614.00 million for the quarter, compared to the consensus estimate of $619.48 million. On average, sell-side analysts expect that TKO Group will post 2.39 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Vincent K. Mcmahon sold 1,642,970 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $89.01, for a total transaction of $146,240,759.70. Following the sale, the insider now owns 9,875,129 shares in the company, valued at $878,985,232.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 38.90% of the company’s stock.

Institutional Investors Weigh In On TKO Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management lifted its position in shares of TKO Group by 8.7% in the fourth quarter. Picton Mahoney Asset Management now owns 1,870 shares of the company’s stock valued at $152,000 after acquiring an additional 150 shares in the last quarter. Strengthening Families & Communities LLC acquired a new stake in shares of TKO Group in the third quarter valued at approximately $26,000. Quent Capital LLC purchased a new position in TKO Group during the third quarter worth approximately $27,000. Covestor Ltd purchased a new position in TKO Group during the third quarter worth approximately $27,000. Finally, Fifth Third Bancorp acquired a new position in TKO Group during the third quarter worth $27,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

About TKO Group

(Get Free Report)

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.

Featured Articles

Analyst Recommendations for TKO Group (NYSE:TKO)

Receive News & Ratings for TKO Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TKO Group and related companies with MarketBeat.com's FREE daily email newsletter.